denkapparat Operations GmbH Invests $220,000 in Pegasystems Inc. $PEGA

denkapparat Operations GmbH acquired a new position in shares of Pegasystems Inc. (NASDAQ:PEGA) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 4,060 shares of the technology company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB raised its holdings in Pegasystems by 100.9% in the 2nd quarter. Nordea Investment Management AB now owns 196,065 shares of the technology company’s stock valued at $10,492,000 after buying an additional 98,468 shares during the last quarter. Herald Investment Management Ltd raised its stake in shares of Pegasystems by 100.0% during the second quarter. Herald Investment Management Ltd now owns 703,600 shares of the technology company’s stock valued at $38,086,000 after acquiring an additional 351,800 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Pegasystems by 60.3% during the second quarter. Allianz Asset Management GmbH now owns 240,225 shares of the technology company’s stock worth $13,003,000 after purchasing an additional 90,404 shares during the period. Convergence Investment Partners LLC acquired a new position in shares of Pegasystems during the second quarter worth $2,653,000. Finally, Retirement Systems of Alabama bought a new stake in shares of Pegasystems in the second quarter worth $5,889,000. Institutional investors and hedge funds own 46.89% of the company’s stock.

Pegasystems Price Performance

Shares of PEGA opened at $59.25 on Thursday. Pegasystems Inc. has a one year low of $29.84 and a one year high of $68.10. The company has a market cap of $10.06 billion, a PE ratio of 39.77 and a beta of 1.09. The stock has a 50-day moving average of $58.78 and a 200-day moving average of $54.07.

Pegasystems (NASDAQ:PEGA) last announced its quarterly earnings results on Tuesday, October 21st. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.12. Pegasystems had a return on equity of 43.49% and a net margin of 16.05%.The business had revenue of $381.35 million for the quarter, compared to analyst estimates of $351.95 million. During the same quarter in the prior year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis. Analysts expect that Pegasystems Inc. will post 1.89 EPS for the current fiscal year.

Pegasystems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $0.12 annualized dividend and a yield of 0.2%. Pegasystems’s dividend payout ratio (DPR) is presently 8.05%.

Wall Street Analysts Forecast Growth

PEGA has been the subject of several analyst reports. Loop Capital raised their target price on Pegasystems from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. DA Davidson raised Pegasystems from a “neutral” rating to a “buy” rating and increased their price target for the company from $60.00 to $85.00 in a research note on Wednesday, October 22nd. Barclays lifted their price objective on Pegasystems from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Wall Street Zen upgraded Pegasystems from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Finally, Citigroup raised their price target on shares of Pegasystems from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.61.

Insider Buying and Selling at Pegasystems

In other Pegasystems news, insider Leon Trefler sold 14,865 shares of the company’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $63.40, for a total transaction of $942,441.00. Following the transaction, the insider owned 118,799 shares in the company, valued at approximately $7,531,856.60. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Efstathios A. Kouninis sold 4,425 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $67.25, for a total transaction of $297,581.25. Following the completion of the transaction, the chief accounting officer directly owned 206 shares in the company, valued at $13,853.50. This trade represents a 95.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 203,895 shares of company stock worth $12,179,202 in the last ninety days. 49.70% of the stock is currently owned by corporate insiders.

About Pegasystems

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients’ processes and workflows.